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Instituto de Credito Oficial (ICO)Spain
Created on: 2017-02-13 10:30:54
Last update: 2017-04-18 12:38:33
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About Instituto de Credito Oficial (ICO)
ICO head office Madrid. Photo: FDV via Wikimedia Commons (CC BY-SA 3.0)The Instituto de Crédito Oficial (ICO) is a Spanish state-owned bank attached to the Ministry of Economic Affairs, Industry and Competitiveness via the State Secretariat for Economy and Enterprise Support. It has two functions: one as a credit institution and second as the State Financial Agency. The ICO Group also consists of Axis, a venture capital firm, and the Fundación ICO. In 2015 ICO financed loan transactions totalling EUR 10.92 billion.
ICO signed the Equator Principles in September 2016. BankTrack profiled this financial institution as part of our Equator Principles Track and Chase Project.
| Website | https://www.ico.es/en/web/ico_en/home |
| Headquarters |
Paseo del Prado, 4
28014 Madrid
Spain
|
| CEO/chair |
Pablo Zalba Chairman |
| Supervisor | |
| Annual reports |
Annual report 2015 CSR Report 2015 Corporate Governance Report 2015 |
| Ownership |
The Instituto de Credito Oficial is a public organisation and as such wholly owned by the Spanish state. |
Related Dodgy Deals
Instituto De Credito Oficial (ICO) has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.
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Voluntary initiatives
Instituto de Credito Oficial (ICO) has committed itself to the following voluntary standards:Issues
Instituto de Credito Oficial (ICO) and the Equator Principles
The Equator Principles are a voluntary commitment of banks to try to avoid or minimise the social, environmental and human rights impact of projects they finance. For more information on the Equator Principles see their website here and the campaign page of BankTrack here.
The Equator Principles exist already since 2003. Instituto de Credito Oficial (ICO) adopted the Equator Principles in 2016.
Reporting on the Equator Principles
Instituto de Credito Oficial (ICO) must report annually on its implementation of the Equator Principles. All information is supposed to be found here.
- Instituto de Credito Oficial (ICO) is in compliance with its reporting obligations. Instituto de Credito Oficial (ICO) is still in its grace period.
Equator Principles
Implementation and reporting
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